Not a large company but they do seem to be growing revenue consistently year over year so if they stick to the plan their Bitcoin buys should increase over time.
In May 2024, we purchased 581 bitcoins at an aggregate purchase price of $40 million, inclusive of fees and expenses. We purchased the bitcoin over-the-counter through a bitcoin liquidity provider. We negotiated fees related to trading commissions. We executed trades using a time-weighted average price over a prearranged time period that was expected to be low price volatility and high market liquidity to limit cost and pricing risks. In selecting our liquidity provider, we evaluated pricing, annual trading volume, security and customer service.
Custody
Our bitcoins are held offline in cold storage with a third-party provider. Digital assets like bitcoin depend on private keys to retrieve and transfer funds.
Good to see news releases like this. They obviously don't talk about how the board came around to bitcoin, but I bet that would be an interesting story as well.
Everyone start buying shares of Semler lol Its good that they do something with their reserve...but wouldnt it be better if they just make prices better so that people can afford healthcare?
Not a large company but they do seem to be growing revenue consistently year over year so if they stick to the plan their Bitcoin buys should increase over time.
This is the biggest thing for these companies. Bitcoin likely isnt gonna save those who are dying, they need to actually have a net income.
pretty huge buy given their market size...
Supposedly they are sitting on another 60M in cash so I expect this was a trial run and they will buy more in the future.
I totally agree with you. This was just a trail run and they will definitely buy more in future.
lol, that's a lot and nobody seems to care 🧐
No they didn't, they bought an ETF which is very different. So different that it means they still don't own Bitcoin
Do you have a link to where it says ETF vs BTC?
No...I can get you a link that proves me wrong though...
https://ir.semlerscientific.com/static-files/caa023b3-4bc8-4b56-a475-a112cbae9355
25% pop today in a -35% year.
cheat code?
we shall see
Good to see news releases like this. They obviously don't talk about how the board came around to bitcoin, but I bet that would be an interesting story as well.
Nasdaq-traded Semler Scientific (SMLR) Announces Bitcoin Treasury Strategy after Purchasing 581 BTC for $40 Million
Gradually then suddenly. It’s a cheat code
Revenue growth, saving for the raining days, good for them.
Everyone start buying shares of Semler lol
Its good that they do something with their reserve...but wouldnt it be better if they just make prices better so that people can afford healthcare?